Shifts In Maritime Transportation Industry Case Study

Shifts In Maritime conveyancing Industry - Case Study ExampleThe present slow down of the industry in the real world gives rise to this pessimism however, the forecast for the developing world produces a completely contrasting picture.Maritime cargo ships is intricately linked by the means of tape drive i.e by the deportation industry. Thus the health of the shipping industry gives a fair picture of the state of the transportation industry. After the end of the Second ball War, The United States was the leading country in nautical transportation. The remarkable Marshall Plan saw the construct of a shattered Europe in which seaborne commerce played an important role. Transportation of vegetable oil as also other goods increased manifolds. Closure of the Suez Canal in 1956 caused a short limit downswing, and also helped add impetus to the shipping industry as the oil now had to serve around the Cape of Good Hope thus increasing the capacity and capability of the maritime tr ansportation sector. Between 1957 and 1973, the Wests domination of the maritime transportation industry was challenged by Japan who became the industry leader. In that pointedness the transportation industry was very much a sunset industry as far as the Europeans and the Americans were concerned but a sunshine industry for Japan. The OPEC oil embargo of 1973, caused a sudden glut of oil tankers which had no cargo to carry. Consequently, the maritime transportation industry suffered badly. The Japanese shipbuilding industries suffered heavily and in the intervening vacuum, the South Koreans stepped in to arrogate their stake in the global maritime transportation pie. China and Singapore too joined the race. The maritime transportation industry today is characterized by some important factors shaping the world.